According to Fact.MR, the global fishing waders market is expected to increase from a valuation of US$ 1.18 billion in 2023 to US$ 2.28 billion by 2033. Global sales of fishing waders are projected to rise rapidly at a CAGR of 6.8% from 2023 to 2033.
The market is being pushed by the widespread use of fishing waders and the sharp rise in the number of people who make their living off of fish and products related to fish. The purchase of fishing waders is gradually shifting from physical sales channels to online sales channels as customers discover that it is simpler to select things based on their tastes on online or e-Commerce platforms. Global fishing wader manufacturers strive to attract a wider customer base.
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What is Spurring the Progress of the Global Fishing Waders Market?
“Burgeoning Aquaculture Output Driving Market Expansion”
Cumulative demand for eco-friendly fishing waders from fishing hobbyists, the evolution of the fishing and aquaculture sectors, technological advancements, and the entry of fishing waders with ideal designs and upgraded materials are projected to boost demand growth during the forecast period.
In industrialized countries, the majority of this proportion of seafood originates from small commercial fisheries and aquaculture. Furthermore, 1 in 10 people fish for pleasure, contributing to at least 220 million recreational fisheries worldwide. Hence, demand for proper fishing equipment, including fishing waders, is on the rise.
“Integration of Advanced Fabric Technologies”
Technological advancements and progress in the fishing textile sector have allowed fishermen to use different types of materials for fishing waders. Manufacturing industries are spending heavily on advancements in materials to make them weather-friendly, temperature-resistant, durable, and lightweight.
- Patagonia Works has been offering an exclusive range of waders for men and women since 2016. These six new styles range from lightweight wading pants to a highly versatile front zip silhouette. All these waders are equipped with Patagonia’s proprietary 4-layer H2No Performance Standard Fabric.
- Azuki offers its PVC Bootfoot Wader- a durable and traditional PVC wader design. These waders are made from durable and waterproof 4 mm neoprene, which are glued, stitched, and taped for added robustness.
“Increasing Fly Fishing Trend and Rising Demand for Sustainable Fishing Gear”
Fishing waders are a necessary piece of equipment for the specialized sport of fly fishing, which is a subset of recreational fishing. When fly fishing, the fisherman must wade into the water to throw the line and use a light lure that resembles an insect or other tiny prey. The need for fishing waders is being driven by the rising popularity of fly fishing, notably in North America and Europe.
Competitive landscape:
A majority of businesses in the worldwide fishing waders market are heavily investing in research and development initiatives. Key players generally use mergers and acquisitions and product portfolio diversification as essential tactics. Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, new developments, quality control, and supply chain management to expand their market share.
- In April 2020, Great American Outdoors Group, the parent company of Bass Pro, partnered with Cabela’s to acquire Utah-based Sportsman’s Warehouse. The Great American Outdoors Group will remain a private company.
Market Players:
- Cabela’s Inc.
- Caddis Waders
- Pure Fishing Inc.
- Gator Waders LLC
- Simms Fishing Products
- The Orvis Company Inc.
- Columbia Sportswear Company
- Drake Waterfowl
- Complete Angler NZ
Key Segments of Fishing Waders Industry Research:
- By Product :
- Chest Fishing Waders
- Hip Fishing Waders
- Waist Fishing Waders
- Breathable Fishing Waders
- By Style :
- Boot Foot Fishing Waders
- Stocking Foot Fishing Waders
- By Material :
- Nylon
- Polyester
- Neoprene
- Rubber
- Others (Gore-Tex, etc.)
- By Size :
- Small
- Medium
- Large
- By End User :
- Men
- Women
- Children
- By Distribution Channel :
- Online
- e-Commerce Websites
- Company Owned Websites
- Offline
- Hypermarkets & Departmental Stores
- Specialty Stores
- Chain & Franchise Stores
- By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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How will be insights and market estimations provided in the Fact.MR report on the Demand of Fishing Waders make a difference?
- The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
- The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
- The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets
- Provides scrutiny of the industry trends that have shaped recent government policies
- Provides an account of major breakthroughs in all segments that might change the course of the market considerably
- Provides an incisive analysis of socio-political milieu in which the key markets operate, and how will that influence the lucrativeness of the overall Fishing Waders Market
- Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future
- Evaluates the role of various stages of funding on new growth avenues in key regional markets
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